34th Street

Real Estate

Madison Square Garden Reclaims Top Position

Attendance booms after billion-dollar redo.

Anthony Causi

The decision by Madison Square Garden’s owner to perform a lavish, $1 billion renovation has paid off quickly. Already known as the world’s most famous arena, and last year voted by music industry insiders as ‘America’s Coolest Arena’ in a poll conducted by Rolling Stone magazine, the Garden has now regained its status as ‘World’s Busiest Arena.’   

According to this article in the NY Post, MSG was the world’s busiest sports and entertainment venue from its reopening date of October 24, 2013 through the end of the year. That’s only fitting, as MSG has long been the world’s busiest venue, offering professional sports, college sports, and concerts by the biggest acts in the music business. Incidentally, its main “rival” in that regard is Barclays Center in Brooklyn.

Coinciding with this development was the announcement that Tad Smith of Cablevision Systems Corp. will become the president and chief executive officer of Madison Square Garden Co. “Over the last five years, Tad’s unique ability to grow organizations and identify key talent has helped to guide Cablevision during a period of unprecedented change,” said James Dolan, MSG’s executive chairman, in a statement. “We are confident that he is the ideal executive to lead MSG into a new chapter of the company’s history and to seize the opportunities that lay ahead.” Tad Smith is a former intern of 34th Street Partnership and Bryant Park Corporation, and we look forward to the opportunity to continue working with him in the future.

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